UNITED STATES
                SECURITIES AND EXCHANGE COMMISSION
                      Washington, D.C. 20549

                           FORM 10-QSB

[X]      Quarterly Report Under Section 13 or 15(d) of the Securities Exchange
         Act of 1934

             For Quarter Ended:   September 30, 2001

                                OR

[ ]      Transition Report Pursuant to Section 13 or 15(d) of the Securities
         Exchange Act of 1934


                   Commission File No.000-30951

                     PINECREST SERVICES, INC.
      (Exact name of registrant as specified in its charter)

            Nevada                                      67-0695367
   (State of incorporation)              (I.R.S. Employer Identification No.)

                   #584, 3359 South Main Street
                    Salt Lake City, Utah 84115
                          (801) 323-2395
(Address and telephone number of principal executive offices and
                   principal place of business)

                   #584, 3353 South Main Street
                    Salt Lake City, Utah 84115
                         (Former address)

     Indicate by check mark whether the registrant (1) has filed all reports
required to be filed by Section 13 or 15(d) of the Securities Exchange Act of
1934 during the preceding 12 months (or for such shorter period that the
registrant was required to file such reports), and (2) has been subject to
such filing requirements for the past 90 days.  Yes  [ X ]   No  [   ]

     As of November 2, 2001, the Registrant had a total of 17,000,000 shares
of common stock issued and outstanding.

<PAGE>


                  PART I: FINANCIAL INFORMATION

ITEM 1:  FINANCIAL STATEMENTS

      The financial information set forth below with respect to our statements
of operations for the three and nine month periods ended September 30, 2001
and 2000 are unaudited.  This financial information, in the opinion of
management, includes all adjustments consisting of normal recurring entries
necessary for the fair presentation of such data.  The results of operations
for the nine months ended September 30, 2001, are not necessarily indicative
of results to be expected for any subsequent period.








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<PAGE>














                     Pinecrest Services, Inc.
                  (A Development Stage Company)
                       Financial Statements
                        September 30, 2001










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<PAGE>




                     Pinecrest Services, Inc.
                  (A Development Stage Company)
                          Balance Sheets


                              ASSETS
                                                  September 30, December 31
                                                      2001         2000
                                                  ------------- -------------
                                                   (Unaudited)

CURRENT ASSETS                                    $          -  $          -
                                                  ------------- -------------

  TOTAL ASSETS                                    $          -  $          -
                                                  ============= =============


               LIABILITIES AND STOCKHOLDERS' EQUITY

CURRENT LIABILITIES

Accounts Payable - Related party                  $     30,000  $     30,000
                                                  ------------- -------------

  Total Liabilities                                     30,000        30,000
                                                  ------------- -------------

STOCKHOLDERS' EQUITY

Common Stock, $.001 par value; 20,000,000
  shares authorized; 17,000,000 shares
  issued and outstanding                                17,000        17,000

Deficit Accumulated During the Development Stage       (47,000)      (47,000)
                                                  ------------- -------------

  Total Stockholders' Equity (deficit)                 (30,000)      (30,000)
                                                  ------------- -------------

  TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY      $          -  $          -
                                                  ============= =============




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<PAGE>
<TABLE>
<CAPTION>




                     Pinecrest Services, Inc.
                  (A Development  Stage Company)
                     Statement of Operations
                           (Unaudited)

                    For the       For the       For the       For the       From
                    three         three         nine          nine          inception on
                    months        months        months        months        March 7,
                    ended         ended         ended         ended         1986 to
                    Sept. 30,     Sept. 30,     Sept. 30,     Sept. 30,     Sept. 30,
                    2001          2000          2001          2000          2001
                    ------------- ------------- ------------- ------------- -------------
<S>                 <C>           <C>           <C>           <C>           <C>

REVENUES            $          -  $          -  $          -  $          -  $          -
                    ------------- ------------- ------------- ------------- -------------
EXPENSES
  Depreciation &
   Amortization                -             -             -             -        17,000
  General &
   Administrative              -             -             -             -        30,000
                    ------------- ------------- ------------- ------------- -------------

    TOTAL EXPENSES             -             -             -             -        47,000
                    ------------- ------------- ------------- ------------- -------------

NET INCOME (LOSS)  $           -  $          -  $          -  $          -  $    (47,000)
                   ============== ============= ============= ============= =============

NET LOSS PER SHARE $           -  $          -  $          -  $          -  $          -
                   ============== ============= ============= ============= =============
WEIGHTED AVERAGE
 SHARES OUTSTANDING   17,000,000    17,000,000    17,000,000    17,000,000    17,000,000
                   ============== ============= ============= ============= =============



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</TABLE>
<PAGE>
<TABLE>
<CAPTION>





                       Pinecrest Services, Inc.
                     (A Development Stage Company)
                        Statement of Cash Flows
                              (Unaudited)

                                                                               From
                                                                               Inception on
                                                   For the nine months ended   March 7, 1986
                                                           September 30,       Through
                                                      2001            2000     Sept 30, 2001
                                                  ------------- -------------- -------------
<S>                                               <C>           <C>            <C>
Cash Flows from Operating Activities

  Net Loss                                        $          -  $           -  $    (47,000)
  Less  Non-cash Items:
  Depreciation & Amortization                                -              -        17,000
  Increase in Accounts Payable                               -              -        30,000
                                                  ------------- -------------- -------------

  Net Cash Provided (Used) by Operating Activities           -              -             -
                                                  ------------- -------------- -------------


Cash Flows from Investing Activities                         -              -             -
                                                  ------------- -------------- -------------

  Net Cash Provided (Used) by Investing Activities           -              -             -
                                                  ------------- -------------- -------------

Cash Flows from Financing Activities

  Net Cash Provided (Used) by Financing Activities           -              -             -
                                                  ------------- -------------- -------------

Increase (Decrease) in Cash                                  -              -             -

Cash and Cash Equivalents at Beginning of Period             -              -             -
                                                  ------------- -------------- -------------

Cash and Cash Equivalents at End of Period        $          -  $           -  $          -
                                                  ============= ============== =============
Supplemental Cash Flow Information:

  Stock issued for marketing rights               $          -  $           -  $     17,000

  Cash Paid For:
    Interest                                      $          -  $           -  $          -
    Income Taxes                                  $          -  $           -  $          -


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</TABLE>
<PAGE>

                     Pinecrest Services, Inc.
                  (A Development Stage Company)
                Notes to the Financial Statements
                        September 30, 2001


GENERAL

Pinecrest Services, Inc. (the Company) has elected to omit substantially all
footnotes to the financial statements for the nine months ended September 30,
2001 since there have been no material changes (other than indicated in other
footnotes) to the information previously reported by the Company in their
General Form for Registration of Securities Report filed on the Form 10-SB for
the twelve months ended December 31, 2000.

UNAUDITED INFORMATION

The information furnished herein was taken from the books and records of the
Company without audit.  However, such information reflects all adjustments
which are, in the opinion of management, necessary to properly reflect the
results of the interim period presented.  The information presented is not
necessarily indicative of the results from operations expected for the full
fiscal year.




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<PAGE>


      In this report references to "Pinecrest," "we," "us," and "our" refer to
Pinecrest Services, Inc.


                    FORWARD LOOKING STATEMENTS

      This Form 10-QSB contains certain forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995.  For this
purpose any statements contained in this Form 10-QSB that are not statements
of historical fact may be deemed to be forward-looking statements.  Without
limiting the foregoing, words such as "may," "will," "expect," "believe,"
"anticipate," "estimate" or "continue" or comparable terminology are intended
to identify forward-looking statements.  These statements by their nature
involve substantial risks and uncertainties, and actual results may differ
materially depending on a variety of factors, many of which are not within
Pinecrest's control.  These factors include but are not limited to economic
conditions generally and in the industries which Pinecrest may participate;
competition within Pinecrest's chosen market and failure by Pinecrest to
successfully develop business relationships.


ITEM 2:   PLAN OF OPERATIONS

      We are a development stage company with no assets and recurring losses
from inception and we are dependent upon financing to continue operations.
For the year ended December 31, 2000 and the three and nine month periods
ended September 30, 2001, we had no cash on hand and total current liabilities
of $30,000.  The $30,000 note payable is related to legal and accounting fees
incurred during 1999 which were paid on our behalf by a related party.

      We have no material commitments for the next twelve months.  We believe
that our current cash needs for at least the next twelve months can be met by
loans from our directors, officers and shareholders, based on understandings
we have with these persons.  However, these understandings are not formal
agreements and therefore these persons are not obligated to provide funds.  We
may repay any loans, costs of services and advancements with cash, if
available, or we may convert them into common stock.

       In our last quarterly report we indicated that we had identified a
business opportunity which we were investigating.  At the date of this filing,
the negotiations have been terminated.  Our management intends to actively
pursue business opportunities during the next twelve months.  All risks
inherent in new and inexperienced enterprises are inherent in our business.
We have not identified any assets or business opportunities for acquisition.
If we obtain a business opportunity, it may be necessary to raise additional
capital, which may be accomplished by selling our common stock.

      Based on current economic and regulatory conditions, management believes
that it is possible, if not probable, for a company like ours, without many
assets or liabilities, to negotiate a merger or acquisition with a viable
private company.  The opportunity arises principally because of the high legal
and accounting fees and the length of time associated with the registration
process of "going public."  However, should any of these conditions change, it
is very possible that there would be little or no economic value for anyone
taking over control of Pinecrest.

      Potential investors must recognize that because of our limited capital
available for investigation and management's limited experience in business
analysis we may not discover or adequately evaluate adverse facts about the
business opportunity to be acquired.  Investors should expect that any
acquisition candidate may have little or no operating history, or a history of
losses or low profitability.  Also, we can not assure that we will be able to
acquire the business opportunity, not that it will ultimately prove to be
beneficial to Pinecrest and our shareholders.

      It is emphasized that our management may effect transactions having a
potentially adverse impact upon

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<PAGE>


our shareholders pursuant to the authority and discretion of our management to
complete acquisitions without submitting any proposal to the stockholders for
their consideration.

      Should a merger or acquisition prove unsuccessful, it is possible that
we may decide not to pursue further acquisition activities and management may
abandon its activities and our shares would become worthless.


                    PART II: OTHER INFORMATION

ITEM 5: OTHER INFORMATION

      We have completed a change in auditors and had prepared a Current Report
on Form 8-K to announce the change.  Our quarterly financials became available
before the 8-K was filed and we have elected to include the 8-K information in
this periodic report.

      FORM 8-K, ITEM 4:  CHANGES IN CERTIFYING ACCOUNTANT

      On October 29, 2001, our board of directors approved and adopted the
change of our independent accountants.  On October 30, 2001, we requested and
received the resignation of Smith & Company, Certified Public Accountants, as
our independent auditors.  Then we engaged Chisholm & Associates, Certified
Public Accountants, as our independent auditors.

      Smith & Company had served as our independent accountants since May 2000
and had audited our financials statements for the years ended December 31,
2000, 1999 and 1998.  Smith & Company's reports for each of the two fiscal
years were modified in regards to the uncertainty of our ability to continue
as a going concern.  Except for this modification, the reports did not contain
an adverse opinion, disclaimer of opinion, nor were they qualified or modified
as to uncertainty, audit scope or accounting principles.  There were no
disagreements with Smith & Company on any matter regarding accounting
principles or practices, financial statement disclosure, or auditing scope or
procedure during the past two fiscal years or any subsequent interim period
preceding the date of dismissal.

      During the most recent fiscal year and through October 30, 2001, we have
not consulted with Chisholm & Associates regarding either: (i) the application
of accounting principles to a specified transaction, either completed or
proposed, or the type of audit opinion that might be rendered on our financial
statements, and neither a written report was provided to us nor oral advice
was provided that Chisholm & Associates concluded was an important factor
considered by us in reaching a decision as to the accounting, auditing or
financial reporting issue; or (ii) any matter that was either the subject of a
disagreement or a reportable event.

      CHANGE IN MANAGEMENT

      On August 3, 2001, Jeffrey J. Jonas resigned as our Secretary/Treasurer
and Director.  Our Board appointed Michael A. Carter to serve as an interim
director until our next annual meeting of shareholders.  Mr.  Carter has spent
the past twenty-four years in the banking, mortgage and financial services
industry.  After leaving Textron's financial services division in 1989, where
he served as Regional Manager, he opened and managed several independent
mortgage companies in the Salt Lake City area.  From 1997 to 1999 Mr. Carter
acted as General Manager of Trinity Mortgage managing eight offices in a three
state area.  In 1999 he joined Triton Funding Group, LLC, as a mortgage loan
broker.  Mr. Carter graduated from Brigham Young University in 1977 with a
bachelor's degree in Psychology with emphasis on business and industrial
application.

ITEM 6: EXHIBITS AND REPORTS ON FORM 8-K

(a) Part II Exhibits.



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<PAGE>


Exhibit Number     Description

3.1            Articles of Incorporation, dated February 10, 1999
               (Incorporated by reference to exhibit 3.1 of the Form 10-SB
                File No. 000-30951, filed July 6, 2000)

3.2            Articles of Merger filed May 11, 2000 (Incorporated by
               reference to exhibit 3.2 of the Form 10-SB File No. 000-30951,
               filed July 6, 2000)

3.3            Bylaws  (Incorporated by reference to exhibit 3.3 of the Form
               10-SB File No. 000-30951, filed July 6, 2000)

16             Letter of Agreement from Smith & Company

(b)  Reports on Form 8-K.

      None.



                            SIGNATURES

      Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned who is duly authorized.

         11/5/01
Date_________________________      Pinecrest Services, Inc.



                                    /S/ April L. Marino
                              By: _________________________________________
                                   April L. Marino, President and Director










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